Victoria’s Secret doesn’t know what shoppers want, analysts say The lingerie chain keeps coming back to ‘constructed’ bras at a time when bralettes have become popularAnalysts express concern that Victoria’s Secret is pushing padded bras when customers want unlined bralettes

Retailer shares sink after Macy's earnings announcementShares of retailers are broadly lower Thursday following the soft guidance that accompanied Macy's Inc.'s . Macy's shares are down 4.4%, dragging down J.C. Penney Co. Inc. (down nearly 5%), American Eagle Outfitters Inc. (down 4.5%), Kohl's Corp. (down 8.6%), Target Corp. (down nearly 3%), and Dick's Sporting Goods Inc. (down 7.1%), among others. Dillard's Inc. is down more than 15% after it missed earnings estimates, . The SPDR S&P Retail ETF , which is down 2.2% in Thursday trading, is down nearly 10% for the past three months and the year to date. The S&P 500 index is up 9.6% for 2017 so far.

How bra startups are transforming the way women shop for lingerie Algorithms and big data are taking the bra fitting experience out of the dressing roomAlgorithms and big data are taking the bra fitting experience out of the dressing room.

Victoria’s Secret has a bra problem Experts point to competition from the bralette trend that is gaining traction at a number of low-cost chainsVictoria’s Secret parent L Brands has said its exit from the swimwear and clothing categories in 2016 have repeatedly weighed on sales since then, but the real problem may be its core bra business.

Manitowoc shares rally 12% after company swings to adjusted profitShares of Manitowoc Co. rose more than 12% late Monday after the maker of cranes for construction, oil and gas, and other industries swung to an adjusted quarterly profit and reported sales above forecasts. Manitowoc said it earned $500,000 in the quarter, breaking even on a per-share basis, versus a loss of $5.8 million, or 4 cents a share, a year ago. Adjusted for one-time items, Manitowoc said it earned 5 cents a share, compared with 3 cents a share a year ago. Net sales reached $394.6 million, compared with $457.7 million in the second quarter of 2016. Analysts polled by FactSet had expected an adjusted loss of 4 cents a share on sales of $396 million. Most of the decline in sales was thanks to lower crawler crane shipments in the Americas as the company had shipped a "significant volume" of these cranes in the prior year, and lower rough-terrain crane shipments in the Americas and in the Middle East due to continued weakness in oil and gas market demand, the company said in a statement. The company has experienced "pockets of improved demand in specific markets like the Permian and Eagle Ford basins in North America," while European markets continue to experience moderate growth, partly offset by continued weakness in the Middle East, CEO Barry Pennypacker said. Manitowoc is "cautiously optimistic" for the near term, it said.

Chesapeake Energy shares jump almost 4% after profit and revenue beatsChesapeake Energy Corp. shares rose 3.9% in premarket trade Thursday, after the company topped profit and revenue estimates for the second quarter. Chesapeake said it had net income of $470 million, or 47 cents a share, in the quarter, up from $75 million, or 8 cents a share, in the year-earlier period. Adjusted per-share earnings came to 18 cents, ahead of the FactSet consensus of 14 cents. Revenue rose to $2.281 billion from $1.622 billion, as oil and gas revenue rose to $1.279 billion from $440 million, and marketing revenue came to $1.002 billion, down from $1.182 billion. The FactSet consensus was for oil and gas revenue of $1.057 billion, and marketing revenue of $1.241 billion. "Our assets continue to deliver improving well results due to longer laterals and enhanced completion techniques, with a new record operated well in the Marcellus being a prime example of this," Chief Executive Doug Lawler said in a statement. "We expect our total production to move higher throughout the year, driven by large turn-in-line projects underway in the Eagle Ford, Utica and Powder River Basin operating areas." Shares have fallen 37% in 2017, while the S&P 500 has gained 10.7%.

Apollo profit hurt by commodity-price swingsApollo Global Management LLC's second-quarter profit fell as commodity-price weakness slowed its investment gains. For the period ended June 30, the New York private-equity firm's profit fell to $86.9 million, or 44 cents a share, from $174.1 million, or 91 cents a share, in the year-earlier period.

Chris Christie confronts heckler at baseball game, doesn’t even spill his nachos Beleaguered New Jersey governor has another rough time at the ol’ ball gameNew Jersey Gov. Chris Christie got in the face of a Chicago Cubs fan in Milwaukee on Sunday — all while keeping an iron grip on his bowl of nachos.

UPDATE: Eagle Pharma stock plummets 21% on news that heat stroke drug failed to get FDA approvalEagle Pharmaceuticals Inc. shares plummeted 20.6% in heavy afternoon trade Wednesday on news that the company's exertional heat stroke drug failed to receive Food and Drug Administration approval. The FDA asked for another clinical trial on the drug, the company said. Last year, the drug, Ryanodex, was given a priority review designation, which is intended for therapies that would significantly improve safety or effectiveness of a treatment. Eagle Pharma said it is reviewing its options and will evaluate the FDA's response. Exertional heat stroke happens during physical activity due to organ tissues getting overheated, which can cause harm and even death. Eagle Pharma stock has plummeted 37.7% over the last three months to $55.95, compared with a 3.8% rise in the S&P 500 .

Trump hammered on Twitter over the tenor of his address to Boy ScoutsReaction to President Donald Trump’s unconventional speech at the quadrennial Boy Scouts of America jamboree in West Virginia on Monday quickly metastasized on Twitter, where critics charged the president had pugnaciously politicized an occasion that, in the hands of past holders of his office, had been used instead to extol civic virtues such as fellowship, citizenship, service and commonality of purpose.

Jordan Spieth wins British Open by three shots in dramatic comeback The American rebounds from a rocky start to win his third career majorJordan Spieth won the British Open after a roller coaster final round.

Abercrombie & Fitch ends talks on potential deal Stock drops 20% on news that talks revealed in May to find a buyer for the company have been ended without a dealIn May, the apparel retailer said it was in ‘preliminary discussions with several parties’.

Gold and silver IRAs: approach with caution Here’s what the precious metals ads don’t sayAre precious metal IRAs a smart choice? Reasons to be wary include high costs, volatility and a mixed investment record.

Arizona could break scorching temperature records, grounding some flights Parts of California and Las Vegas are also suffering Much of Arizona continues to cook under triple-digit temperatures that could break records, grounding some flights in Phoenix amid fears plane tires could melt or gauges be compromised.

Apparel retailer stocks dive as Amazon's new Prime Wardrobe strikes fear in investorsShares of apparel retailers took a dive Tuesday, after Amazon.com Inc. appeared to take aim with the , which allows users to try on multiple items at a time at home and receive a discount on items that are kept. Shares of Ascena Retail Group Inc.'s , the parent of apparel retailers including AnnTaylor, Charming Shoppes and The Dress Barn, tumbled 7.8%. Elsewhere, shares of Gap Inc. shed 3.8%, Abercrombie & Fitch Co. slid 3.6%, American Eagle Outfitters Inc. slumped 3.9%, Buckle Inc. fell 3.8% and Express Inc. dropped 3.4%. Among clothes-sellilng department store chains, shares of Nordstrom Inc. gave up 3.5%, Macy's Inc. lost 1.9% and Dillard's Inc. declined 4.5%. Meanwhile, Amazon's stock edged up 0.1%. after announcing a deal Friday to buy Whole Foods Market Inc. for $13.7 billion. Analysts fear Amazon's move into a sector introduces a potential major competitor that will lead to lower prices and narrower margins. The SPDR S&P Retail ETF shed 1.8%, while the S&P 500 slipped 0.4%.

Oil ends at 7-month low after failing to shake off supply worries Natural gas dives on forecasts for cooler U.S. weatherOil futures give up early gains to post the lowest close since November as bulls prove unable to shake off supply fears.

This trend points to more stock gains even as everything around us hits the fan Critical information for the U.S. trading dayMore blood spilled in the streets of London, more ridiculous tweets out of the White House and still more questions raised about how this stock market can possibly keep up its bullish pace in the face of such an unsettling flow of news.

Abercrombie & Fitch's stock jumps after WSJ report of American Eagle, Cerberus buyout interestShares of Abercrombie & Fitch Co. jumped 6.6% in afternoon trade, after The Wall Street Journal reported that rival American Eagle Outfitters Inc. and private-equity firm Cerberus Capital Management were working on a joint buyout bid for the troubled apparel retailer. The WSJ report, citing people familiar with the matter, could be reached in about a month. In the meantime, other parties remain in the auction for Abercombie, including fellow apparel retailer Express Inc. and other private-equity firms, the WSJ report said. Earlier this month, Abercrombie's stock rallied after the WSJ reported that with at least two interested buyers. Abercrombie's stock has climbed 8.3% year to date, while American Eagle shares have shed 25%, the SPDR S&P Retail ETF has lost 8.2% and the S&P 500 has gained 7.2%.

The contrarian investor’s best bet is coming down the pike Consumers saddled with debt will hurt the economy, affecting dividend stocks, bonds and goldConsumers saddled with debt will hurt the economy, affecting dividend stocks, bonds and gold, says Michael Brush.

Victoria’s Secret expects growth from ‘constructed’ bra launches in the second half Unlined ‘bralettes’ have been popular, but they sell at a lower price pointVictoria’s Secret hopes to reinvigorate its constructed bra business with new launches later this year after growing its unlined bralette business in recent months.

American Eagle Outfitters stock price target cut to $11 from $17 at UBS

American Eagle Outfitters shares slump 3% premarket after guidance falls short of estimatesAmerican Eagle Outfitters Inc. shares fell 3.6% Wednesday, after the company reported weaker-than-expected profit for the first quarter and offered an outlook that lagged estimates. The teen apparel retailer said it net income of $25.2 million, or 14 cents a share, in the first quarter, down from $40.5 million, or 22 cents a share, in the year-earlier period. Adjusted per-share earnings came to 16 cents, a penny below the FactSet consensus of 17 cents. Revenue rose to $761.8 million from $749.4 million, above the FactSet consensus of $742 million. Same-store sales rose 2%, topping the FactSet consensus for a decline of 1.4%. "The first quarter results reflected mall traffic headwinds, especially early in the quarter, with improved trends over Easter and a strong digital business throughout," Chief Executive Jay Schottenstein said in a statement. The company is now expecting same-store sales to range from flat to down in the low single digits. EPS is expected to range from 15 cents to 17 cents. The FactSet consensus is for second-quarter same-store sales to grow 0.5% and for EPS of 23 cents. Shares have fallen 15% in 2017, while the S&P 500 has gained 7%.

American Eagle Outfitters Q2 FactSet EPS consensus 23 cents

4:05 a.m. May 17, 2017

American Eagle Outfitters sees Q2 same-store sales flat to down in low single digits

5 things need to happen to keep one bullish money manager from turning on this market ‘It’s time for a breadth mint to be handed to the U.S. stock market’Another day, another record high. No matter how unsettling the headlines, nothing seems capable of truly derailing this market. Nothing, except maybe one troubling trend that’s been bubbling under the surface of late.

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